If You’re Not Innovating, You’re Deteriorating

June 5, 2014 — 3 Comments

Innovation is the catalyst to growth. Innovation means doing something different, smarter or better that will make a positive difference.  Innovation applies to every aspect of your business – you can be innovative with products, services, methods or business processes.   Innovation is free and unlimited – if you actively tap into it as a leader.

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Incorporating innovation into your business can help you save time and money, and give you the competitive advantage to grow and adapt your business in the marketplace.  Because innovation refers to making things better, it can significantly increase the likelihood of your business succeeding. Research (and real life examples) have shown that businesses that innovate create more efficient work processes and have better motivation, productivity and performance overall.

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Sheri is The Global Coach, founder of Luminosity Global Consulting Group, Global Executive Coach, Speaker, Writer and Global Business and Cultural Expert.

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3 responses to If You’re Not Innovating, You’re Deteriorating

  1. Excellent article and very provocative title: “If You’re Not Innovating, You’re Deteriorating”. Gallup, Towers-Perrin, you pick the research, 7 out of 10 employees have disconnected and disengaged from their company’s mission. That is more than just a careers crisis. It is a leadership crisis when 70% of your team is not flying out of bed and innovating and/or creating a great client experience.

    Leadership is about taking people on a journey of significance. This journey starts with taking a T.R.I.P. You need Risk-taking which creates Innovation that results in Progress. The foundation is high trust or what say high relationship capital trust. Thus T.R.I.P., but trust is very low in most corporations.

    Research from Boston Consulting Group, USC Center for Organizational Effectiveness, and LRN (Dov Seidman) have shown that 97% of firms are driven by either “coercion” or “carrots & sticks” motivators. There seems to be a disconnect in what the CEO thinks the level of culture in the firm and all the rest of the employees.

    It must be very difficult for these 97% to “innovate”. Only 3% of organizations have elevated do-the-right-thing cultures of self-governance and high relationship capital trust. These are the businesses where the star performers work and will stay not because of extrinsic motivators but because of their intrinsic higher purpose and values which drive innovation. I see a lot of deterioration going on in the USA do to low levels of organizational culture driven “short-termism” and low-trust. The good news for American-based companies, it is worse in other nations so I am not sure if they are losing ground to foreign competition.

    Would welcome your perspective on my comments. Thank you again!

  2. Notify me of where I can send you a private comment.

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